Switzerland-based chemicals company Sika has announced plans to acquire Belarusian polyurethane foam manufacturer Belineco.
The acquisition enables Sika to expand its expertise in polyurethane foam production and development and brings the two companies will have better access to Eastern European trade distribution channels. Belineco’s annual sales are approximately 20 million euros. The deal remains subject to approval by antitrust authorities.
Belineco is located in the city of Brest, which is the westernmost free economic zone in the country. Bordering Poland, it is an important area between the EU and its eastern neighbours. The company has built strong momentum over the past few years, establishing a strong market position in Belarus and Russia. Its manufacturing facilities produce polyurethane foam and a range of other products, which are sold through trade distribution channels in Eastern Europe.
The acquisition complements the acquisition of Swiss polyurethane foam manufacturer Polypag last August. It will also enhance Sika’s product offering and increase store penetration, as well as open up cross-selling opportunities for Belineco foam in Sika’s roofing and facade systems.
<span style="font-size: 16px" bonding business and opening up exciting new cross-selling opportunities. The improved trade distribution channels will increase our market penetration in the region and drive continued growth for both companies. We are delighted to welcome Belineco employees to the Sika team , and are excited about growing our business together.”
(www.gsiyuan.com) Deeply engaged in the segmented industry of polyurethane raw materials – amine catalysts; research, development and compound production of various types of amine catalysts; main products: solid amine | delayed amine catalyst A300 | delayed amine catalyst A400 | amine catalyst SMP|N,N-dimethylbenzylamine BDMA|odorless amine catalyst DPAetc., suitable for sponges, Molding, high resilience, self-crusting, PU toys and various hard foam and semi-hard foam and other end products.
